> Millionaire Question.?

Millionaire Question.?

Posted at: 2015-05-24 
Say you have a net worth of $4 million. Can you easily afford a million dollar house? And a few $250,000 cars? Or would that be a struggle.

Well assuming you have more than one "$250K car," that means you're an "impractical spender." And if that's the case, then even if you have $400 million, you will find a way to blow it all.

Honestly, if Warren Buffet can not afford a million dollar house, this guy can not either. A million dollar home would cost 100k a year in lost opportunity, taxes, interest. A house is sometimes an asset, sometimes a liability, but never an investment.

Net worth includes the amount of income you earn, as well as all of your assets, not just the money in the bank.

so chances are, much of that net worth is from his current home and car(s).

it would most likely be a struggle to afford it, unless he liquidated (sold) everything

Land taxes, maintenance, insurance etc would drain you to zero in a few years.

You're not Pewdiepie